Dynatrace, Inc. (NYSE:DT) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its holdings in Dynatrace, Inc. (NYSE:DT) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,997 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Dynatrace were worth $4,815,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its holdings in shares of Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after purchasing an additional 176 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Dynatrace by 11.9% during the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock worth $105,000 after purchasing an additional 206 shares during the period. Virtue Capital Management LLC boosted its holdings in shares of Dynatrace by 4.2% during the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock worth $282,000 after purchasing an additional 212 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Dynatrace by 2.5% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company’s stock worth $500,000 after purchasing an additional 222 shares during the period. Finally, Atria Investments Inc lifted its stake in Dynatrace by 3.4% in the third quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock valued at $385,000 after acquiring an additional 240 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Performance

DT opened at $48.45 on Friday. The firm’s 50-day simple moving average is $55.85 and its 200-day simple moving average is $54.45. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00. The firm has a market cap of $14.50 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 7.05 and a beta of 1.12.

Insider Transactions at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the transaction, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on DT. Scotiabank lifted their target price on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada lifted their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Wedbush reiterated an “outperform” rating and issued a $67.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.25.

Dynatrace Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.